Legal Opinion
Rand v. Helvering
Court of Appeals for the Eighth Circuit
Decided April 19, 1935No. 9983PublishedCited by 19 opinions
1Opinion of the Court
STONE, Circuit Judge.
The Commissioner refused to allow deductions claimed by Rand Company and by R. R. Rand, Jr., in assessment of the income tax of each of them for the year 1929. In each instance, the claimed deduction was based upon loss on certain corporate stock alleged to have been realized by sales on December 31, 1929. The cases of the two taxpayers were consolidated by the Board, and from orders of the Board sustaining the Commissioner this petition is brought.
The evidence is as follows: The taxpayer, Rand Company, is a closely held “family” corporation engaged in buying, selling,…
2Cases cited1 opinion
- Shoenberg v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1935
3Cited by19 opinions
- Boyett Et Ux. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1953
- Thomas W. Banks v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
- Heil Beauty Supplies, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1952
- Nicholson v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1937
- Estate of Wallace P. Geiger, Deceased, Warren G. Dunkle, and Burnice I. Geiger v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1966
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